Hyun Song Shin

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Hughes-Rogers Professor of Economics, Princeton University



Recent Additions




Global Factors in Capital Flows and Credit Growth (with Valentina Bruno) VoxEU blog post, June 7, 2013



Working Capital, Trade and Macro Fluctuations (with Se-Jik Kim) (May 2013 version) (presentation slides)


Capital Flows, Cross-Border Banking and Global Liquidity (with Valentina Bruno) (May 2013 version) 


Assessing Macroprudential Policies:  Case of Korea (with Valentina Bruno) (April 2013 version) (link to press articles mentioned in the paper)


Procyclical Leverage and Value-at-Risk (with Tobias Adrian) (February 2013 version)


Capital Flows and the Risk-Taking Channel of Monetary Policy (with Valentina Bruno) (on-line appendix) (link to BIS conference webpage with discussants' comments)


The Euro Crisis Through the Lens of Capital Flow Reversals  (link to video) Boston College undergraduate lecture, December 4, 2012



Non-Core Bank Liabilities and Financial Vulnerability (with Joon-Ho Hahm and Kwanho Shin) (on-line appendix) NBER working paper 18428, forthcoming in Journal of Money, Credit and Banking


Exploring the Dynamics of Global Liquidity (with Sally Chen, Philip Liu, Andrea Maechler, Chris Marsh and Sergejs Saksonovs) IMF working paper 12/246



Which Financial Frictions?  Parsing the Evidence from the Financial Crisis of 2007-9 (with Tobias Adrian and Paolo Colla) (presentation slides) (on-line appendix) forthcoming in the NBER Macroeconomics Annual


Banks and Capital Flows:  Policy Challenges and Regulatory Responses, September 2012 report of the Committee on International Economic Policy and Reform (video of launch event)
(Markus BrunnermeierJose De Gregorio,
Barry Eichengreen, Mohamed El-Erian, Arminio Fraga, Takatoshi Ito, Jean Pisani-Ferry, Philip Lane, Eswar Prasad, Raghuram Rajan, Maria RamosHelene Rey, Dani Rodrik, Kenneth Rogoff, Hyun Song Shin, Andres Velasco, Beatrice Weder di Mauro, Yongding Yu)



Monetary Aggregates and the Central Bank's Financial Stability Mandate (with Hyun Jeong Kim and Jaeho Yun) (presentation slides) paper for the Federal Reserve conference in honor of Don Kohn  (press comment)


Is the Euro Crisis Over?  presentation at Princeton BCF spring alumni event, New York, April 18, 2012


Global Banking Glut and Loan Risk Premium, Mundell-Fleming Lecture, presented at the IMF Annual Research Conference, November 10-11, 2011, IMF Economic Review, 60: 155-192, July 2012 (conference slides) (video) (updated slides)


Global Savings Glut or Global Banking Glut?  VoxEU blog post, December 20, 2011


Sustaining Production Chains Through Financial Linkages (with Se-Jik Kim) American Economic Review Papers and Proceedings 102(3): 402–06, May 2012 (longer working paper version) (presentation slides)


Rethinking Central Banking, September 2011 report of the Committee on International Economic Policy and Reform
(
Barry Eichengreen, Mohamed El-Erian, Arminio Fraga, Takatoshi Ito, Jean Pisani-Ferry, Eswar Prasad, Raghuram Rajan, Maria Ramos, Carmen Reinhart, Helene Rey, Dani Rodrik, Kenneth Rogoff, Hyun Song Shin, Andres Velasco, Beatrice Weder di Mauro, Yongding Yu)



Procyclical Leverage and Endogenous Risk (with Jon Danielsson and Jean-Pierre Zigrand)



Financing Growth without Banks:  Korean Housing Repo Contract (with Se-Jik Kim)



Carry Trades, Monetary Policy and Speculative Dynamics (with Guillaume Plantin)